Hotel sector booming in Canada: CBRE report

RENX  Commercial  •  Hotels and Resorts  •  National

Investment activity in Canadian hotels took a major dip in 2018, but not due to a lack of demand. CBRE’s Canadian Hotels Outlook 2019 report cites a lack of available product as the industry experiences a boom in occupancy and revenues.

Hyatt expected to build Canadian presence 50% by 2022

Commercial  •  Business Wire

Hyatt Hotels Corporation (H-N) today announced more than 20 new hotels are expected to open in Canada by the end of 2022, driving the global hospitality brand’s growth in the country by 50 per cent.

MSCI/REALPAC property index: Canada’s CRE delivers 7.7% return

RENX  Commercial  •  Investment  •  National

Canadian CRE delivered a 7.73% return, and held its own internationally, according to the MSCI/REALPAC Canada Quarterly Property Fund Index. “We’re always challenging ourselves with what role real estate plays in an institutional portfolio,” said TD Greystone Asset Management’s Matt Sych.

Primecorp’s Pantieras, Aliferis settle in with M&M

RENX  Residential, Commercial  •  Investment  •  Ottawa

Canada’s weather may be volatile, but the forecast for CRE investment is increasingly moderate as the focus turns from wealth creation to wealth preservation. That’s the trend at play for Nick Pantieras and Aik Aliferis of Marcus & Millichap in Ottawa.

Giant Tiger plans new four-storey Ottawa HQ

Commercial  •  Ottawa Business Journal

Giant Tiger may soon have a larger den to call home, as the Ottawa-based discount retail chain has filed plans with the city to expand its existing corporate headquarters on Walkley Road.

Claridge amends twin-tower TOD in downtown Ottawa

Residential, Commercial  •  CBC

An Ottawa city councillor says two 27-storey towers proposed for a downtown lot have too much parking and not enough affordable housing. The proposal by Claridge Homes will go before the city’s planning committee on May 23.

Sponsored by KPMG Global real estate investment funds panel shares what it means to lead on international stage

We live in a global business environment, and real estate investing is no exception. Seeking to diversify their portfolios and take advantage of higher-yielding opportunities, many investors are looking to overseas real estate markets.

BTB acquires Québec industrial property

Commercial  •  Canada Newswire  •  RENX

BTB Real Estate Investment Trust (BTB-UN-T) announced the acquisition of an industrial property located at 2425 Pitfield Boulevard in Saint-Laurent, Qué. The $11.9-million acquisition has a total leasable area of more than 65,000 square feet.

Ontario earned $200M in one year from foreign-buyers tax

Residential  •  Globe and Mail (Subscription required)

The Ontario government pulled in $200 million in one year from the foreign-buyers tax on real estate as the market continued to see a decline in international purchases, according to previously unreleased figures.

Ontario realtors call for land registry

Residential  •  Toronto Star

With billions of dollars in dirty money being laundered through Toronto real estate each year, realtors are questioning why Ontario hasn’t taken action to require the real owners of property to identify themselves.

Toronto’s Matador sold to private buyer

Commercial  •  Toronto Star

CORRECTED AT SOURCE: Incorrect material was included in original story. 

Toronto’s historical Matador ballroom in Little Italy is officially closing following years of failed revamps, reopenings and attempts to get city permits. The building was sold to a private buyer.

ClubLink, developers mum on Kanata Lakes

Residential, Commercial  •  Ottawa Business Journal

Days after the City of Ottawa said it would go to court if necessary to prevent the Kanata Golf and Country Club from being redeveloped, the club’s owners say they have no update on what might replace the 50-year-old course.

Golf organizations score fancy new headquarters

Commercial  •  Globe and Mail  •  Globe and Mail

The golf-industry organizations that lead the sport throughout North America are feeling a transformative spirit in their office space, as they look to a more progressive and modern approach to promoting golf.

Amazon quietly rolling out warehouse robots

Commercial  •  Reuters  •  Ottawa Citizen

Amazon.com Inc is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years.

Trump Tower one of NYC’s least-desirable buildings

Residential, Commercial  •  Bloomberg

Trump Tower, once the crown jewel in Donald Trump’s property empire, now ranks as one of the least desirable luxury properties in Manhattan. The 36-year-old building has been turned into a fortress since Trump won the presidency.

REIT first-quarter financial results

Commercial  • 

BSR REIT, (HOM-U-T), Canada Newswire

ERES REIT, (ERE-UN-X), Canada Newswire

H&R REIT, (HR-UN-T), Canada Newswire

PROREIT, (PRV-UN-T), Canada Newswire

Pure Multi-Family REIT, (RUF-UN-X), Canada Newswire

Action Plan should help fill in GTA’s missing middle: BILD

Residential  •  Toronto Star  •  Newinhomes.com  •  Globe Newswire

Home prices go eight straight months without an increase

Residential  •  Reuters

Canadian home prices were unchanged in April, failing to rise for the eighth consecutive month, data showed on Tuesday. The Teranet-National Bank Composite House Price Index measures changes for repeat sales of single-family homes.

Vancouver condo rates pales in comparison to Monaco

Residential  •  Vancouver Courier  •  Globe and Mail  •  CBC

Real estate website Point2Homes has published an analysis of condo prices per square foot in 11 pricey real estate markets around the world – Vancouver, London, New York, San Francisco, Singapore, Paris, Hong Kong, Tokyo, Zurich, Geneva and Monaco.

Transcona a model for Winnipeg’s future

Residential, Commercial  •  Winnipeg Free Press  •  Winnipeg Free Press  •  Winnipeg Free Press

Re/Max’s 2019 Liveability Report, which examines a range of quality-of-life factors to determine which Canadian neighbourhoods are felt to be most “livable,” found Transcona stands as a very good example of what modern suburb design should strive to be.